“Vistra’s strategy is to expand the ITCL business internationally and it already has a very strong presence in India, with offices in six locations across the country. Therefore, ITCL will continue to grow locally,” said Martin.

“ITCL provides corporate trust services, which is a new addition to the Vistra business portfolio and one which we have marked as ideal for our expansion into other capital markets. The aim is to first grow the business into Singapore, and then most likely into Dubai and Hong Kong,'' he added.